VLVT - - Press ReleaseSource: Veltex Corporation
Veltex Corporation Announces Update on Audit and Business Conditions
Wednesday April 2, 8:30 am ET
DIAMOND BAR, Calif., April 2 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLVT - News) announces the final touches are being finished on the audit, and should be completed within the next 10 days. Mr. Matin, CEO of Veltex stated, "The audit process is very thorough and time consuming. I will be excited when the audit is complete and Veltex takes another step closer to becoming a fully reporting entity. We have been meeting with the accountants on a regular basis to complete the audit as soon as possible."
Veltex has also finished a deal with Dimension Golf of Palm Springs, CA. The agreement calls for Veltex to produce $228,000 worth of caps to Dimension Golf in different types and different colors. Recently, Veltex added another $500,000 worth of business from Trade Win of New York on top of the Dimension Golf order, showing that the Veltex brand continues to grow. The Trade Win of New York order is for twill shirts.
More announcements will be made soon regarding the audit completion, further contracts, and other news that shows Veltex is heading in the right direction for shareholders and for the future of the company.
Veltex Corporation is a diversified holding company composed of four divisions: Trucking; Distribution, specializing in caps, apparel and apparel accessories for the Promotional Products Industry; Manufacturing, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, sheeting for consumer and industrial products; and Marketing specializing in online marketing and promotions for the vacation ownership industry.
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